Missouri Bill Would Lower Annual Statewide HTC Cap

Thursday, January 11, 2018 - 2:15pm

A bill filed by Missouri state Sen. Daniel Hegeman this week would reduce the annual cap on the state historic tax credit (HTC) from $140 million to $50 million, effective July 1. SB 590 would also make the state HTC discretionary, limit the credit to the least amount required for a project to be feasible (with a maximum of 25 percent of eligible costs) and make residential structures ineligible for the credits. The legislation was referred to a committee.